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IndiGo and Air India to cut domestic operations — report
India's two largest airlines, IndiGo and Air India, will scale down domestic operations from June 1 for three months, according to a report by The New Indian Express, citing unnamed sources.
Air India will reduce up to 15% of its domestic capacity while IndiGo will reduce services by 5-7%, the report said. The temporary cuts are due to the higher aviation turbine fuel (ATF) prices following the Iran war, and the seasonal slump generally seen post-school holiday period.
In late April, airlines had asked the government for urgent help, saying rising jet fuel prices were putting pressure on their operations.
The Federation of Indian Airlines (FIA) had said immediate government intervention was needed to continue normal operations.
Jet fuel prices in India had doubled to an all-time high in early April. However, the government, through its state-run fuel retailers, had staggered this rise for domestic airlines to ease the pressure.
